Tungsten Concentrate Price in China Is Stable
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 17:24
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Current tungsten concentrates price is between 82,000 and 84000 yuan per ton. As a manufacturer in Jiangxi province said, tungsten mine is sold at 83,000 yuan per ton (about 60%) in his company. Another manufacturer said that 60% of the price of its tungsten ore was 82,500yuan per ton, with transaction volume of about 40 tons. A miner in Yunnan province said 55-65% of its tungsten is sold at 8.2 yuan per ton recently , with transaction volume of 80 tons.
A purchaser in Jiangxi province said 55-65% of its recent purchase price of tungsten ore was 82,500 yuan per ton. The manufacturers signed orders for powder in early June. Another buyer said that he bought 20 tons of tungsten concentrate from Hunan province at 83,500yuan per ton. The manufacturer said that the offer of mine operators in the region was 84,000 yuan per ton.
Currently tungsten concentrate market keeps steady, and the prices there will not fluctuate over 1000 yuan per ton in the short term.
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Tungsten value dropped 11 percent in the first quarter of 2007
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 17:12
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China exported 200 million U.S dollars worth of tungsten-based chemicals in the first quarter of 2007, down 11 percent, and imported 40 million US dollars worth, down another 11 percent, according to sources with the China Tungsten Industry Association on May 5.
The tungsten exports stood at 5,955 tons, down 6.4 percent, and imports at 1,509 tons, down 11 percent.
The total arrivals included 396 tons of tungsten products, up 22 percent, and 1,113 tons of tungsten concentrates, down 19 percent.
The net exports of tungsten concentrates amounted to 4,446 tons in the three-month period, the sources added.
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China’s restrict control of tungsten export dry up the global tungsten supply
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 16:41
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In recent years, China has imposed export restriction on tungsten and largely purchased this kind of metal, stimulating the demand for tungsten and motivating efforts to search for tungsten ore. However, the entire process takes two or three years. In a word, new major supply source will not have appeared by 2013.
Considering the short supply of tungsten in the world market, on which those industries strongly depending such as scientific industries, their choices are very limited. It’s unrealistic for most companies to purchase a mining company as what Warren Buffett has done. Thus, cooperating with companies supplying tungsten except Chinese suppliers has become the only possibility. It’s the only way in the foreseeable future for there are so many industries relying on this kind of irreplaceable metal.
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Asian Metal-World Tungsten Forum 2010
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 16:57
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Three companies benefit from the rebound of the tungsten market
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 15:04
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The panicky drop in the international price of gold and the lower price of copper, aluminum and other commodities has stressed the market. However, the price of the minor metal, tungsten, not affected by these drops, continued its upward trend. The quotation of tungsten of Pan-Asian Non-ferrous Metal Exchange has set a new high.
The rising price of tungsten has provided a good environment for companies. Xiamen Tungsten stated in its first-quarter performance forecast that the domestic and foreign demand has dramatically increased since March, 2013, gradually rising the sale price and the profitability.
There are three domestic listed companies covering the industrial chain of tungsten, they are Xiamen Tungsten, Hunan Non-ferrous Metals and Zhangyuan Tungsten.
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